Minmetals Development

Minmetals Development Co., Ltd.: Minmetals Development (SH.600058) was listed on the Shanghai Stock Exchange on May 28, 1997. It is one of the largest comprehensive steel distribution service providers in China, with business scope covering all segments of the ferrous metal industry chain, including metallurgical raw material supply, steel trading, processing and distribution, and logistics services. The company's controlling shareholder is China Minmetals Corporation, and the actual controller is China Minmetals Group. As of December 31, 2016, the company's total share capital was 1.072 billion shares, of which China Minmetals Corporation held 671 million shares, accounting for 62.56% of the total share capital.
Currently, Minmetals Development is a constituent stock of the CSI 500, Central SOE 100, and SSE Corporate Governance Index. The company has established a good image of standardized operation and sound governance in the capital market. With its solid industry leadership and outstanding contributions to society, the company has been recognized by the industry and all sectors of society and has received numerous honors.
In recent years, Minmetals Development has followed the guidance of national economic policies, leveraged its strong comprehensive service capabilities, and with the social influence and international reputation of its controlling shareholder, China Minmetals Group, has carried out numerous strategically significant business activities both domestically and internationally, making outstanding contributions to national economic construction and foreign economic cooperation. Recently, Minmetals Development has adjusted its development strategy with the goal of improving supply chain management. The company will actively build a value-added service system centered on the steel distribution supply chain, provide customers with overall solutions, and strive to become a world-class comprehensive steel distribution service provider.